Interfor Co. (TSE:IFP) Receives C$24.00 Consensus Price Target from Analysts

Shares of Interfor Co. (TSE:IFP) have been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$24.00.

IFP has been the subject of several research analyst reports. Cibc World Mkts downgraded shares of Interfor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. BMO Capital Markets cut their target price on Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating for the company in a research report on Tuesday, July 23rd. CIBC lifted their price target on Interfor from C$18.00 to C$19.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. Raymond James upgraded Interfor from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from C$26.00 to C$30.00 in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada lowered their target price on Interfor from C$27.00 to C$24.00 in a report on Thursday, July 11th.

Interfor Price Performance

IFP opened at C$19.92 on Monday. Interfor has a fifty-two week low of C$15.35 and a fifty-two week high of C$26.00. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. The firm has a market cap of C$1.02 billion, a price-to-earnings ratio of -2.85 and a beta of 2.54. The company’s 50-day moving average price is C$18.94 and its 200 day moving average price is C$17.93.

Interfor (TSE:IFP) last issued its quarterly earnings data on Thursday, August 8th. The company reported C($1.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($1.17) by C($0.30). Interfor had a negative return on equity of 20.18% and a negative net margin of 11.26%. The business had revenue of C$771.20 million during the quarter, compared to the consensus estimate of C$774.00 million. As a group, sell-side analysts expect that Interfor will post 2.8616667 earnings per share for the current year.

About Interfor

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers decking, fascia and board, framing, v-joint paneling, fineline paneling, and siding products, as well as appearance, structural, studs, timbers, and machine stress related products.